Kijun Sen and the Envelope - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources

The indicator plots: 1 Kijun Sen + 1 Envelope + 3 Price Tags.

Kijun Sen, envelope and price tag can be shown/hidden as desired.

Envelopes can be used to identify:

Lower time ranges will require higher Kijun Sen periods and lower envelope deviations, higher time ranges will require lower Kijun Sen periods and higher envelope deviations. Adjust according to user preferences.

Notes: Kijun Sen performs well in trending markets. Be aware of swings during market volatility.

Also available for MetaTrader 5:

Image: Kijun Period = 26, Envelope Bias = 4000, Time Range = Daily

Attachment download

📎 kijun_sen_and_envelope.mq4 (5.91 KB)

Source: MQL5 #10952